Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$292,690$297,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,463$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$1,357.71$2,056.37
2nd payment$0.00$0.00
Taxes / mo$103.58$103.58
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$26.58$26.58
Total monthly$1,637.88$2,395.93
Cash to close$37,310$33,000